Author: Zacks

The Last Earnings Trickle In
Business

The Last Earnings Trickle In

The bulk of the Q3 earnings season is now behind us, with results from 463 S&P 500 members, or 92.6% of the index’s total membership, already known. There are still plenty of reports to come, particularly from the Retail sector, […]

Buffett Sees Value in Oil, Invests in XOM
Stocks

Buffett Sees Value in Oil, Invests in XOM

According to Berkshire Hathaway Inc.’s (BRK.A)  (BRK.B) most recent 13F filing, Warren Buffett’s company has made a $3.7 billion investment in the world’s largest publicly traded oil company, Exxon Mobil Corporation (XOM). Buffett is well known for cherry picking investments and considers Exxon […]

Technology

Tesla Downgraded to Neutral

On Nov 14, 2013, we downgraded Tesla Motors, Inc. (TSLA) to Neutral from Outperform. The downward revision was based on its continued losses, production constraints, high prices and mounting research and development (R&D) and selling, general and administrative (SG&A) expenses. […]

Business

Moody’s Revises U.S. Banks’ Ratings

At a time when bank executives are apprehensive about the credibility of credit ratings, Moody’s Investors Service, the credit rating arm of Moody’s Corp. (MCO), has brought further disappointment. Following its review of 8 major U.S banks, the rating agency lowered the […]